An uptrending day for NQ on Monday following just one day of consolidation on Friday. NQ is still bumping into resistance at 19,950.
If NQ can break above it we could see NQ breaking out to the upside and breaking above the last swing high from July 11th swing high before a large pullback.
The only risk that cannot be factored-in to the price chart is the escalation of war between Iran and Israel that could cause a spike in oil prices. Then all bets are off, and the market can cascade back down again.
On the intraday basis, key price inflection for NQ on Tuesday will be at 19,750, bullish above it, bearish below it
